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gumoca
Mar 3, 2024 4:29 AM

$PEPE forming Head and Shoulders, confirmation takes it 257-95 Short

PepeCRYPTO

Description

I've been following meme coins, particularly GETTEX:PEPE CRYPTOCAP:SHIB, CRYPTOCAP:DOGE and recently GUAC. I think there should be a breather over this level for many of these coins, although CRYPTOCAP:BTC seems strong still, given the amount of flows into ETFs. Meme coins have a lot of room to the upside. Think about how many people are thinking "Oh! BTC too expensive at 60k, I may try and buy another thing with my $200... Oh! this GUAG / GETTEX:PEPE etc. looks cheap, imagine if it goes to a dollar! (mute)" as many individual retail investors are thinking the same thing, price pushes up, just to provide liquidity to a few individuals that want out at these levels. Hence, a sharp corrective wave to the downside may start soon for BTC and other coins. When? I don't know but CRYPTOCAP:BTC seems like can climb up to GETTEX:87K in the short term, although looks frothy here at $63,405. It rejected FWB:65K and perhaps as it is sitting just in the edge of the bollinger band it looks toppy. My immediate level for BTC to the downside is about 57k, then GETTEX:46K-44k and may end up trading at $38-GETTEX:41K with super strong support at 30k in case something extreme takes it down. A sharp move of CRYPTOCAP:BTC to the downside will take all the crypto down, but so far it looks like nothing can beat BTC. Looks at AMEX:GLD at ath. Something that AMEX:GLD wants to tell us here?
Comments
Artaxxxxxx
This aged like milk
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